An aggregate limit in insurance is a constraint that specifies the maximum amount an insurer will cover in claims over the policy period, ensuring the policyholder does not exceed this financial ...
529 college savings plans are operated by the states, which means that each state can set its own aggregate contribution limit. In simple terms, this is the maximum total amount of money that can be ...
A 529 plan is a tax-advantaged way for parents to save for their children’s education expenses. The IRS doesn’t impose a contribution limit on 529 plans, unlike for other tax-advantaged accounts such ...
While there are no specific 529 plan contribution limits, most people consider the $19,000 annual gift tax exclusion to be the main contribution limit. 529 plans are tax-advantaged accounts that allow ...
The states with the highest 529 plan contribution limits allow as much as $575,000 to be saved for a single beneficiary’s education. Depending on the type of school your child or loved one attends, ...